Russians and Ukrainians help to send the cryptocurrency up over 25 percent in a week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine towns attempt to buy dormant trash plant for $1.5 million
A group representing 115 towns is trying to revive the plant that closed 6 months after its opening in 2020.
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Posted inBusiness
Wall Street roars back to rally mode, even as oil soars
The price of U.S. crude jumps 7 percent to $110.60 per barrel, the highest level in just over a decade.
Posted inBusiness, Maine
Baby lobster numbers low off New England as waters warm
Meanwhile, there has been a moderate uptick in baby lobsters in the southern Gulf of St. Lawrence, where some Canadian fishermen harvest lobsters.
Posted inBusiness, Maine, Morning Sentinel
Increased construction costs stall Waterville mill redevelopment project
The rising costs on the more than $20 million project have jeopardized the financing needed to transform the former Lockwood Mill into residential and commercial space.
Posted inBusiness, Nation & World
Powell backs quarter-point interest rate hike this month
His challenge is changing policy to ease inflation but not tightening so much that the economy stalls.
Posted inBusiness, Maine
Con Edison proposes new power transmission line from Aroostook County
A subsidiary of energy delivery giant Consolidated Edison Inc. is seeking to connect planned energy projects in northern Maine to New England’s electrical grid.
Posted inBusiness, Food & Dining
The Wrap: Italian seafood coming to Kennebunk, a new vegan-friendly brunch menu in Portland
An Italian osteria in Washington D.C. expands to Kennebunk this spring, vegan brunch launches at Bird & Co., plus restaurant reopenings and expansions in Portland.
Posted inBusiness, Nation & World
From banking to sports to vodka, Russia’s isolation grows
The diverse actions against Moscow are extraordinary for their startling speed.
Posted inBusiness, Maine
Maine Community Foundation names new president and CEO
Incoming chief executive Deborah Ellwood is a leader in the field of community foundations with close ties to Maine.